Smart Strategies to Repay Your Education Loan Faster
Carrying education loan debt into your career can be stressful. These practical strategies will help you close your loan years early and save significantly on interest.
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Loan With Collateral
Understand secured education loans in India — collateral types, higher loan amounts, lower interest rates, and how to pledge assets.
Read GuideLoan for Upskilling Courses
Finance your upskilling journey with education loans for short-term courses, certifications, bootcamps, and executive programmes in India.
Read GuideCheck Eligibility
Find out if you qualify for an education loan in India. Learn about eligibility criteria for banks, NBFCs, and government schemes.
Read GuideEducation Loan Overview
A comprehensive overview of education loans in India — types, lenders, interest rates, and how to choose the right loan for your studies.
Read GuideLoan Without Collateral
Explore unsecured education loans in India. Understand limits, eligibility, and which lenders offer collateral-free study loans.
Read GuideInterest Rates
Compare current education loan interest rates from top Indian banks and NBFCs. Fixed vs floating rates, and how to get the best deal.
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How It Works
Your Loan Journey, Simplified
We break down the education loan process into clear, manageable steps so you can focus on what matters — your studies.
1
Research Options
Browse our guides on eligibility, interest rates, and lender comparisons.
2
Calculate EMI
Use our calculator to estimate monthly payments for your loan amount.
3
Get Guidance
Submit an inquiry and our experts will help you choose the right loan.
4
Apply & Succeed
Apply to lenders with confidence and track your application progress.
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Latest Financial Insights
Stay informed about policy changes, new schemes, and expert tips for education loans.
Section 80E Tax Deduction on Education Loan: How to Claim It
Section 80E of the Income Tax Act lets you deduct the full interest paid on your education loan. Here is exactly how to claim this benefit when filing your ITR.
SBI Student Loan Scheme vs HDFC Credila: Which Is Better for Abroad Studies?
Both SBI and HDFC Credila are popular for overseas education loans. We compare interest rates, loan limits, collateral norms, and processing speed.
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FAQs
Common Questions
What is the maximum education loan amount available in India?
Most public sector banks offer education loans up to ₹20 lakh for domestic studies and up to ₹30 lakh for overseas studies. NBFCs like HDFC Credila and Avanse can offer higher amounts based on your profile and collateral.
Can I get an education loan without collateral?
Yes. Most banks provide unsecured education loans up to ₹7.5 lakh. Some NBFCs offer collateral-free loans up to ₹40 lakh depending on the course, institution ranking, and your profile strength.
When do I start repaying my education loan?
Repayment typically begins after a moratorium period of 6 to 12 months after course completion or 6 months after getting a job, whichever comes first. During the course, you may have the option to pay only the interest.
Is there a tax benefit on education loans?
Yes. Under Section 80E of the Income Tax Act, you can claim a deduction on the interest paid on your education loan. This benefit is available for up to 8 years from the year you start repaying, with no upper limit on the deduction amount.
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